Citizens Community Bancorp, Inc. (CZWI) To Go Ex-Dividend on November 6th

Citizens Community Bancorp, Inc. (NASDAQ:CZWI) declared a quarterly dividend on Thursday, October 22nd. Shareholders of record on Friday, November 6th will be paid a dividend of $0.12 per share by the bank on Friday, November 20th. This represents a $0.48 annualized dividend and a yield of 2.0%. The ex-dividend date is Friday, November 6th. This is a 14.3% increase from Citizens Community Bancorp’s previous quarterly dividend of $0.1050.

Citizens Community Bancorp has raised its dividend payment by an average of 0.1% per year over the last three years and has increased its dividend every year for the last 6 years. Citizens Community Bancorp has a payout ratio of 28.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Citizens Community Bancorp to earn $2.25 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 21.3%.

Citizens Community Bancorp Stock Performance

CZWI opened at $23.77 on Wednesday. The business’s fifty day moving average is $21.66 and its two-hundred day moving average is $20.72. Citizens Community Bancorp has a one year low of $15.94 and a one year high of $24.42. The company has a market cap of $229.38 million, a price-to-earnings ratio of 15.85 and a beta of 0.51.

Citizens Community Bancorp (NASDAQ:CZWI) last issued its quarterly earnings results on Monday, October 26th. The bank reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.12. Citizens Community Bancorp had a net margin of 14.56% and a return on equity of 7.65%. The business had revenue of $17.37 million during the quarter, compared to the consensus estimate of $16.90 million. On average, analysts predict that Citizens Community Bancorp will post 1.54 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CZWI. Citigroup cut Citizens Community Bancorp to a “neutral” rating in a research report on Friday, August 7th. Brean Capital downgraded shares of Citizens Community Bancorp from a “buy” rating to a “neutral” rating and set a $23.00 target price on the stock. in a research report on Friday, August 7th. Zacks Research downgraded shares of Citizens Community Bancorp from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 29th. Wall Street Zen upgraded shares of Citizens Community Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, October 10th. Finally, Hovde Group cut Citizens Community Bancorp from an “outperform” rating to a “market perform” rating and raised their price target for the company from $21.00 to $24.00 in a report on Friday, July 10th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $23.50.

Citizens Community Bancorp Company Profile

Citizens Community Bancorp, Inc is a bank holding company headquartered in Eau Claire, Wisconsin. Through its subsidiary, Citizens Community Federal National Association, the company provides community banking services to individuals, families, farmers and businesses.

The bank offers deposit products such as checking, savings, money market and certificate accounts, along with lending services. Its loan portfolio includes residential and commercial real estate, agricultural, commercial and industrial, and consumer loans.